D.A. Davidson & CO. Buys 17,958 Shares of iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY)

D.A. Davidson & CO. grew its stake in iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) by 182.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,795 shares of the company’s stock after acquiring an additional 17,958 shares during the period. D.A. Davidson & CO.’s holdings in iShares 1-3 Year Treasury Bond ETF were worth $2,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $30,000. Van ECK Associates Corp grew its position in shares of iShares 1-3 Year Treasury Bond ETF by 92.1% during the 4th quarter. Van ECK Associates Corp now owns 390 shares of the company’s stock worth $32,000 after buying an additional 187 shares during the period. Roxbury Financial LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $36,000. Logan Capital Management Inc. acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 3rd quarter worth approximately $37,000. Finally, AlphaMark Advisors LLC acquired a new stake in shares of iShares 1-3 Year Treasury Bond ETF during the 4th quarter worth approximately $63,000. 23.15% of the stock is owned by institutional investors.

iShares 1-3 Year Treasury Bond ETF Price Performance

Shares of NASDAQ:SHY opened at $82.24 on Friday. iShares 1-3 Year Treasury Bond ETF has a one year low of $80.91 and a one year high of $83.30. The company has a 50 day moving average of $82.00 and a 200-day moving average of $82.35. The stock has a market cap of $23.18 billion, a price-to-earnings ratio of 3,695.45 and a beta of 0.01.

iShares 1-3 Year Treasury Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.2735 per share. This is a boost from iShares 1-3 Year Treasury Bond ETF’s previous dividend of $0.27. The ex-dividend date was Monday, February 3rd.

iShares 1-3 Year Treasury Bond ETF Profile

The iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund that is based on the U.S. Treasury 1-3 Year index. The fund tracks a market weighted index of debt issued by the US Treasury with 1-3 years remaining to maturity. Treasury STRIPS are excluded. SHY was launched on Jul 22, 2002 and is managed by BlackRock.